New home sales were reported for July as down nearly 13% to 511K, a number that is just about the average since 2010 (543k). But that doesn't tell the whole story obviously. New home sales have fallen sharply since December of last year, down 39%. The drop from the peak in August 2020 is even more dramatic, down nearly 51%. [...]
Alhambra CEO Joe Calhoun talks about investor psychology toward current markets and how investor foibles never change. He also discusses the uptrend in the 10-Year Treasury and the Dollar.
The Chicago Fed National Activity Index rose to 0.27 in July with all four categories of indicators rising. The 3 month average was unchanged at -0.09. That indicates growth is slightly below trend and is far from the recession threshold of -0.7. The index had been down for two consecutive months and both May and June were revised slightly lower. [...]
History never repeats itself. Man always does. Voltaire Mark Twain is credited with a similar saying, that history doesn't repeat but it rhymes. Of course, there is scant evidence that Clemens said anything of the sort just as Voltaire may or may not have penned the quote above. But both men were much wittier than I - than most - [...]
Alhambra CEO Joe Calhoun talks about investors who sold out at the market low this summer, why you need strategy and tactics in your investment plan, and the current state of stocks, bonds, and possible recession.
Alhambra CEO Joe Calhoun tells a Tale of Two Economies, conflicting reports, who he’s listening to and not taking the reports at face value.
Alhambra CEO Joe Calhoun discusses negative investing trends, last week’s negative GDP report, and the outlook for future rate increases by the Federal Reserve.
Alhambra CEO Joe Calhoun dissects the uncertainty of the markets and the certainty investors are searching for.
Alhambra CEO Joe Calhoun discusses whether the economy is in early or late cycle, what last week’s employment numbers really mean, and two concerning economic indicators.
The employment report released last Friday was better than expected but the response by bulls and bears alike was exactly as expected. Both found things in the report to support their preconceived notions about the state of the economy. I do think the bulls had the better case on this particular report but there have been plenty of others recently [...]
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